Future Retail surges 4%; Kishore Biyani unveils digital strategy

Future Retail surges 4%; Kishore Biyani unveils digital strategy

 

Shares of Future Retail was higher by 4% at Rs.599 after the Future Group Chief Kishore Biyani unveiled his mega plan of INR 1.5 lakh crore opportunity by the year 2022.

Future Group chairman and chief executive Kishore Biyani has unveiled Retail 3.0, a digital strategy.

The new avatar will be called Tathastu.

The company plans to open 10,000 such stores by 2022. It will begin with 1,100 stores in FY18, Kishore Biyani said.

The stock has hit a high of Rs. 606 and a low of Rs. 578.